Scams
FBI seizes $100,000 in cryptocurrency and NFTs
The FBI confiscated the property in October 2022 for violating "federal law," with the NFTs valued over $100,000.
Bankrupt crypto exchange FTX has acknowledged a recent spate of third party scams
FTX alerted consumers about fraudsters stealing account information with promises of asset returns.
Australia's Government is Bolstering Its Market Regulator's Digital Asset
The new Australian government has devised a "multi-stage strategy" to combat cryptocurrency frauds, safeguard consumers, and increase enforcement.
Web3 Builders Reveals Suite of Tools to Combat DeFi exploits
Nicholas Horelik of Web3 Builders stated, “end users ought to have this functionality” to understand asset security.
Kevin Rose, co-founder of Moonbirds, falls victim to phishing attack
Moonbirds co-founder Kevin Rose. He lost about $1.1 million in NFTs to a phishing fraud.
XRP staking scam
A phoney staking scheme is targeting XRP investors. XRP staking websites and emails have been faked. The swindle promises 12%–27% profits.
FBI Warns Crypto Ecosystem Investors of DeFi Scams
The United States Federal Bureau of Investigation has issued a public warning to investors, especially those fond of the crypto ecosystem to be aware of scams specifically targeting the Decentralized Finance ecosystem
Australian Scammers Prefer Crypto than Credit Cards: Report
Australia's local media outlet disclosed a total loss of $84 million was reported to the ScamWatch website in 2021, a figure that is reasonably higher than the $27 million reported in 2020 and $19 million in 2019.
(Duplicated) Elliptic Report Reveals NFTs Worth $100m Stolen in Past Year
As the cryptocurrency industry remains rife with scammers and thieves, NFTs are proving to be an increasingly attractive target, according to Elliptic's latest report.
Crypto Scam Revenue Has Dropped by 65% in 2022: Chainalysis
Illicit crypto volumes have been diminishing year-over-year, with scams taking the lion’s drop share, according to a report by blockchain analytic firm Chainalysis.